Mark E. Fox, Chairman of the Board at CB Financial Services, Inc. (NASDAQ:CBFV), recently executed a series of stock transactions, according to an SEC filing. On December 16, Fox sold 3,538 shares of common stock at a price of $31.50 per share, totaling $111,447. The transaction occurred as CBFV stock has shown strong momentum, with a notable 37.8% price return over the past six months. According to InvestingPro analysis, the company appears slightly undervalued at current levels.
In a related move, Fox acquired 5,000 shares through the exercise of stock options at a price of $22.25 per share, amounting to a total value of $111,250. Following these transactions, Fox holds 11,414 shares directly in the $154 million market cap company. Notably, CB Financial Services maintains a strong dividend track record, having sustained dividend payments for 31 consecutive years, with a current yield of 3.2%.
These transactions reflect Fox's ongoing management of his holdings in the company, where he also serves as a director. The stock currently trades at an attractive P/E ratio of 6.9, and InvestingPro subscribers can access additional insights, including 8 more key investment tips for CBFV.
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